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Colliers International auctions property on behalf of both owners and banks, conducting both voluntary and foreclosure sales.

Our property auctions are conducted according to the ‘Amsterdam system’, whereby the price first rises according to the bids from the room. The auctioneer then adds a premium to the maximum bid and gradually decreases the price until it is accepted by one buyer with a shout of “mine!” This unique and traditional method is a combination of the conventional auction and a ‘Dutch’ auction, both held at the same sitting. Anyone who has attended an auction will be familiar with the excitement created by the crowded room and lively atmosphere.

How it works

For auctions in Amsterdam the following rules apply: Suppose that the highest bid is €135,000. Whoever has made this bid becomes the ‘provisional buyer’. The auctioneer then adds an amount of, say, €90,000 and the countdown of the Dutch auction begins. It stops when someone calls out “mine!”. If a bidder does so when the countdown has reached €5,000, the property will be sold for €135,000 plus €5,000, i.e. €140,000. If no one interrupts the countdown, the original highest bidder (the ‘provisional buyer’) wins and becomes the ‘definitive buyer’.

Regional auctions usually apply different rules.

Why Colliers International

Colliers International is able to offer the highest level of service by virtue of our extensive knowledge of the market.